Stock Screening and Ranking - Example #3

OBJECTIVE: Find stocks whose stochastic oscillator %K line has been below 20 for at least 5 out of the last 10 days, and the %K line has just crossed above the %D line.

1. In the “Available Items” list, if the “Boolean Operators” branch is not already expanded to show all members, double click on the heading “Boolean Operators” to view all boolean operator items.
   
2. Click once on the “Time Range” item to highlight it.
   
3. Click and drag the “Time Range” item over to the “drop items beneath here” position in the “Selected Items” list.
   
4. When you drop the “Time Range” item, the following dialog box will appear.
   
   Enter “10” for “number of periods in range” and enter “5” for “minimum number of passing or failing periods”.
   
5. Double click the “Indicators” heading in the “Available Item” list.
   
6. Click “oscillator, stochastic” once to highlight it. Then click and drag this item, dropping it on the “Time Range” filter item in the “Selected Item” list.
   
7. When you drop the “oscillator, stochastic” item, the following dialog box will appear.
   
   The middle area of this window allows you to enter required values for the “%K” statistic. Click on the “must be” radio button, choose “less than” from the drop-down listbox, and enter “20”.
   
8. In the “Available Item” list, scroll down until the “Comparison Operators” heading is visible. Double-click this heading. Then drag and drop the “Crossover” filter item over to the “Selected Item” list, dropping it on the “Time Frame: daily” filter item. Note that all filter items that are dropped on the “Time Frame: daily” filter must be “true” for a stock to pass our test. Thus, there is an implied “AND” boolean operator beneath the “Time Frame: daily” item.
   
9. When you drop the “Crossover” item, the following dialog box will appear.
   
   Choose the “crossing above” option, enter “1” for number of periods in window,
   and click OK.
   
10. Drag and drop another “oscillator, stochastic” filter item onto the “Crossover” filter item in the “Selected Item” list. Just accept the default settings by clicking the OK button when the popup for the stochastic oscillator appears.
    
11. Drag and drop yet another “oscillator, stochastic” filter item onto the “Crossover” filter item. In the popup, for “Choose primary statistic”, select “%D” from the drop-down list.  Then click OK.
    
12. Your scan definition, as displayed in the “Selected Item” list, should now look like the following. Click on the following thumbnail to see an enlarged example.
    
    
    
13. Now click the "Run" button to see the stocks that match your scan definition.

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